The time seems ripe to sell off one's hard disk drive business.
The time seems ripe to sell off one's hard disk drive business. In March, Hitachi sold its hard disk unit to Western Digital Corp. for about $4.3 billion. And today, there are rumors that Samsung Electronics Co. Ltd. is looking to unload its hard disk drive unit.
I've been following the SSD market lately. It has defintilely taaken a bite out of the HDD's market's lunch, first by positioning itself as a drop-in replacement and lately as a superior technological and market option. According to some reports this weekend, the media is attributing this latest damage to the HDD market specifically as due to the success of flash chips in tablet computers.
According to the Wall Street Journal, which seems to be the initial source of this story, Samsung is looking to sell its HDD business to "raise cash to invest in new growth areas." According to the WSJ report, the asking price for the Samsung HDD unit is $1.5 billion, but the company could consider bids that were significantly lower.
What are your thoughts? What applications will still benefit from HDDs? Would you buy Samsung's business if you could?
Sound off below.